With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of Rs 500 and Rs 1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. There ar…
Tag: MSME
Modi invites investment for big corporates and SMEs
In a directive to Indian ambassadors abroad, the Narendra Modi government has asked them to invite not just the big companies to invest and ‘Make in India’, but also try and streamline investments for even the smaller and the smallest of all. Indian ambassador to Italy Anil Wadhwa told that it w…
Rs 2200 cr MSME Technology Centre coming up at Gr Noida to train 3000 trainees annually
Union MSME Minister Kalraj Mishra and Governor of Uttar Pradesh, Ram Naik on November 29, laid the foundation stone for MSME Technology Centre at Greater Noida. The center will focus on providing technological & skilled manpower support to Electronics Systems Design & Manufacturing (ESDM)…
TN likely to come out with Defence Manufacturing Policy to encourage investments
From an automobile and allied industries manufacturing hub, Tamil Nadu is evolving into a knowledge hub as it focuses on drawing investments in R&D, design, aerospace and defence sectors, according to MS Shanmugam, Additional Secretary (Industries Department), Tamil Nadu government. At an int…
Gujarat beckons K’taka bizmen to seek opportunities
Gujarat Minister of State for Industries, Mines & Minerals and Finance Department Rohitbhai Patel on November 25 invited businesses and startups from Karnataka to be a part of Vibrant Gujarat 2017, and seek opportunities in the Western Indian state. Addressing delegates at the Vibrant Gujarat…
Trade Unions want more jobs from Union Budget
The Union Budget for fiscal 2017-18 should create more jobs and employment opportunities, trade unions said in a representation to Union Finance Minister Arun Jaitley. “The budget should help in creating more jobs and employment opportunities. The minimum wages should be increased to Rs 18,000 pe…
ITPO’s initiatives to ease cashless transactions at IITF
India Trade Promotion Organisation(ITPO) has taken various measures to facilitate cashless transactions for the participants (including artisans from MSME, CAPART, EPCH, NMFDC) and exhibitors at the ongoing India International Trade Fair (November 14-27, 2016) at Pragati Maidan, New …
Kalraj Mishra invited Chinese companies for technological collaboration with Indian SMEs
There are long pending demands from MSME sector like overhauling of import laws, high anti-dumping duty on import of certain goods, implementing schemes which fuel the export of MSMEs etc. All theses demand are aimed at checking the entry of cheap products from China, Vietnam and Bangladesh, dama…
Karnataka would soon take top slot for women entrepreneurship: CM
Rolling out red carpet to women entrepreneurs, Karnataka Chief Minister Siddaramaiah expressed confidence that with several initiatives taken, the state would soon occupy the top slot for women entrepreneurship. He urged women entrepreneurs to explore entrepreneurial opportunities in Karnataka an…
Haryana to set up Wi-Fi zone to encourage SMEs & start-ups
One Wi-Fi zone in all 6,078 gram panchayats within two years, broadband to every household, 4G services in every village in the next three years, making MSME the growth engine and a lot more has been envisaged in the draft Haryana IT and ESDM Policy-2016. Haryana Government has prepared draft Har…